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• W2263582852 abstract "Although Japan had largely resolved the problem of non-performing loans by the early 2000s, economic growth hardly accelerated, resulting in the two lost decades. This paper examines the underlying reasons from a long-term and structural perspective using a KLEMS-type database and micro-level data. Major issues examined include the chronic lack of domestic demand since the mid-1970s caused by the long-run decline in capital formation through the slowdown in the growth of the working age population as well as the resulting current account surplus and yen appreciation, and supply-side issues such as slow total factor productivity (TFP) growth due to Japan's low information and communications technology (ICT) investment." @default.
• W2263582852 created "2016-06-24" @default.
• W2263582852 creator A5011092937 @default.
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• W2263582852 date "2015-11-01" @default.
• W2263582852 modified "2023-09-27" @default.
• W2263582852 title "Lessons from Japan's Secular Stagnation" @default.
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• W2263582852 hasPublicationYear "2015" @default.
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